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3 July, 13:29

Which of the following is correct? a. U. S. exports as a percentage of GDP have about tripled since 1950. The U. S. currently has a trade deficit. b. U. S. exports as a percentage of GDP have about doubled since 1950. The U. S. currently has a trade deficit. c. U. S. exports as a percentage of GDP have about doubled since 1950. The U. S. currently has a trade surplus. d. U. S. exports as a percentage of GDP have about tripled since 1950. The U. S. currently has a trade surplus.

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  1. 3 July, 13:42
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    Answer: Option (b) is correct.

    Explanation:

    U. S. exports as a percentage of GDP have about doubled since 1950. The U. S. currently has a trade deficit.

    The moving of a portion of the manufacturing facilities from US to other minimal effort Asian nations, because of which US has begun import from those nations rather producing at home.

    The US individuals don't spare much, yet the economy needs capital for venture purposes because of which US has been net shipper of capital streams. This net import of capital streams makes it to pay for the imports of items and administrations from different nations.
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Home » Business » Which of the following is correct? a. U. S. exports as a percentage of GDP have about tripled since 1950. The U. S. currently has a trade deficit. b. U. S. exports as a percentage of GDP have about doubled since 1950. The U. S.
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